The tech executives are set to meet with Trump to discuss ways to limit waste and improve the US government's use of technology. The executives are also expected to bring up immigration reform, as many of their companies rely heavily on highly skilled workers from other countries.

The tech rally comes after two weeks of selloffs. Some investors view the companies as overvalued, and much of the selling in the last two weeks likely reflected the realignment of the market caps of tech companies with their underlying value.